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Cable Update (GBPUSD)

  • #60,601
  • Apr 6, 2008 1:26pm Apr 6, 2008 1:26pm
Well in a nutshell Mike I see the US lowering rates further whilst UK reduces by very small amount in comparison .
I see the US in trouble on the Job front and housing and as of yet I do not see this in the UK. Though I do see the argument that they are going to arrive in the US first.
Overall watching recent figures the US comes off worse.
I am personally very busy with work and do not know anyone feeling hardship from our economy

Yet, lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #60,602
  • Apr 6, 2008 1:39pm Apr 6, 2008 1:39pm
Quoting marketwavez
its not that you are " not educated enough " as you are saying
-------------------------------------------------------------------

The real reason for failure over-all is where you got your education .

Do you really think that I learned all this from reading posts in forums ?
The answer is No !

How many successful traders do you think got their education
from hanging around in forums ? ...................
( I have read many interviews of traders and listened to many success
stories and yet to find one that learned it all in a Public Forum ).

--------------------------------------------------------------------
Forums are Just a place to exchange Thoughts and Ideas
and maybe have a few laughs along the way .........

- The main reason for visiting a forums is to see
ideas other than your own ideas .....................

////////////////////////////////////////////////////////////////////////////////
I agree that nobody will do the hard work of learning and putting the learned principles into practice for you. What could and possibly is helpfull is to share some insights we have learned as different individual traders, travelling at different speeds with different loads and experiences.I have studied EW and use them atm on daily charts using EOD data, and on longer timeframes,but some of the EW principles I apply to my trigger timeframe too (15 min with some elements of chaos thery, Bill Williams)without necessarily drawing them, due to time limitation. The books on EW I would recommend are Robert Miner, Dynamic Trading; S.W.Poser, Applying Elliott Wave theory profitably, and the obvoius Elliott Wave principles by Frost and Prechter. R. Miners book for me is an obvious first choice. I also am commited student to map the timing of Hs & Ls on different timeframes. All of the above is just a component of the overall of my trading strategy which include elements of S/R, price behaviour, some elemnts described or developed by good practitioners like T DeMark, DiNapoli, S Nisson, A Elder and others. I also like to engage the gearing provided by different timeframes, with daily, 4hr and 15min being the most used atm. Because of the need to follow the price action on different timeframes and the intermarket dependencies I have resolved to use larger multiscreen solution which assist to see the larger picture with greater ease.
I agree that not all EW counts are tradable, but those which inspire confidence have proven to be very profitabble indeed.
Have a great week, happy trading to all,
2be
Make sure losses are small and profits are bigger!
  • #60,603
  • Apr 6, 2008 1:41pm Apr 6, 2008 1:41pm
Quoting 2be
I agree that nobody will do the hard work of learning and putting the learned principles into practice for you. What could and possibly is helpfull is to share some insights we have learned as different individual traders, travelling at different speeds with different loads and experiences.I have studied EW and use them atm on daily charts using EOD data, and on longer timeframes,but some of the EW principles I apply to my trigger timeframe too (15 min with some elements of chaos thery, Bill Williams)without necessarily drawing them, due to time limitation. The books on EW I would recommend are Robert Miner, Dynamic Trading; S.W.Poser, Applying Elliott Wave theory profitably, and the obvoius Elliott Wave principles by Frost and Prechter. R. Miners book for me is an obvious first choice. I also am commited student to map the timing of Hs & Ls on different timeframes. All of the above is just a component of the overall of my trading strategy which include elements of S/R, price behaviour, some elemnts described or developed by good practitioners like T DeMark, DiNapoli, S Nisson, A Elder and others. I also like to engage the gearing provided by different timeframes, with daily, 4hr and 15min being the most used atm. Because of the need to follow the price action on different timeframes and the intermarket dependencies I have resolved to use larger multiscreen solution which assist to see the larger picture with greater ease.
I agree that not all EW counts are tradable, but those which inspire confidence have proven to be very profitabble indeed.
Have a great week, happy trading to all,
2be
Hi Rav, I see you are on the forum. Great to see you friend.
Best regards,
2be
Make sure losses are small and profits are bigger!
  • #60,604
  • Apr 6, 2008 1:48pm Apr 6, 2008 1:48pm
Quoting 2be
Hi Rav, I see you are on the forum. Great to see you friend.
Best regards,
2be
Hi brov.....I just seen you buddy how is it going.....come on to msn...buddy...
  • #60,605
  • Apr 6, 2008 1:52pm Apr 6, 2008 1:52pm
Quoting Bones
It going great Mike and I appreciate your take on it I must admit I’ve been a little confused with all these pins as the whole pin thing is new to me as you know.
Maybe this will help understand pinBars ...james16 thread and group is best place to learn about it ..
Attached File(s)
File Type: pdf pinbar.pdf   113 KB | 541 downloads
  • #60,606
  • Apr 6, 2008 2:06pm Apr 6, 2008 2:06pm
Quoting trader1024
Maybe this will help understand pinBars ...james16 thread and group is best place to learn about it ..

Thanks man I do know about james 16 im on page 40
Actually if you look closely you will see im a fan.
I know how to spot a pin and trade it in fact it is at the core of my trading plan. I just look at my daily, weekly and monthly and see loads of them recently so it worries me as to how valid they are. Having said that every good pin I have ever seen has had the correct effect to some extent.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #60,607
  • Apr 6, 2008 2:15pm Apr 6, 2008 2:15pm
Please Clarify One Thing For Me.
Do You Only Make Entry Points "only" After The 4h Candle Opens Above Or Below The Yellow Lines; And At No Other Point.
The Intro Regarding Entry Wasn't Quite Clear To Me In Your Most Recent Explanation.


Dread
  • #60,608
  • Apr 6, 2008 2:42pm Apr 6, 2008 2:42pm
lol lol lol lol lol lol
  • #60,609
  • Apr 6, 2008 3:05pm Apr 6, 2008 3:05pm
Its going to go down.. i honestly dont see how anyone can see it possabily go up, i've counted Elliots, ive checked trend lines, and i've also checked for possable deviations.. Now i checked for news... Everyone is just to guttered up with the majour economies in EUR and the Pound... but no one is seeing a strong decline in the spanish economy.. and they are going to have a reccession soon, and house income is declining, this is gonna be a big whack..

my moneys TP on 9590-9500
And your mouth dropped
  • #60,610
  • Apr 6, 2008 3:35pm Apr 6, 2008 3:35pm
Quoting makey2u
Its going to go down.. i honestly dont see how anyone can see it possabily go up, i've counted Elliots, ive checked trend lines, and i've also checked for possable deviations.. Now i checked for news... Everyone is just to guttered up with the majour economies in EUR and the Pound... but no one is seeing a strong decline in the spanish economy.. and they are going to have a reccession soon, and house income is declining, this is gonna be a big whack..

my moneys TP on 9590-9500

where the hell have u been buddy..? u saying short only strengthens my belief in a short.... ....good to have u back .....
  • #60,611
  • Apr 6, 2008 3:36pm Apr 6, 2008 3:36pm
Quoting makey2u
Its going to go down.. i honestly dont see how anyone can see it possabily go up, i've counted Elliots, ive checked trend lines, and i've also checked for possable deviations.. Now i checked for news... Everyone is just to guttered up with the majour economies in EUR and the Pound... but no one is seeing a strong decline in the spanish economy.. and they are going to have a reccession soon, and house income is declining, this is gonna be a big whack..

my moneys TP on 9590-9500
Well just about anyone who is anyone has said down so I suppose that has to be correct buddy!
I would agree with your tp too
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #60,612
  • Apr 6, 2008 3:40pm Apr 6, 2008 3:40pm
Quoting Bones
Well just about anyone who is anyone has said down so I suppose that has to be correct buddy!
I would agree with your tp too
your right thou tone....the number of pins is crazy!!!
  • #60,613
  • Apr 6, 2008 3:41pm Apr 6, 2008 3:41pm
When everyone says it's time to go SHORT it's time to go LONG end of story!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,614
  • Apr 6, 2008 3:45pm Apr 6, 2008 3:45pm
Quoting Turveyd
When everyone says it's time to go SHORT it's time to go LONG end of story!!!
yeah ..? long easy for u to say your on a 1 minute....lol
honestly bro ..i havent even ever looked at that time frame...your system has to be so sensitive to phase out the noise
I dont think the opening on a sunday been ever so interesting..
  • #60,615
  • Apr 6, 2008 3:47pm Apr 6, 2008 3:47pm
Quoting nAVIN2007
your right thou tone....the number of pins is crazy!!!
Yes just my luck ,I mean that one on the monthly March last year that’s the one I want,lol

I do think the amount we’ve had has shown a lot of indecision on this pair ,and the flat longer term emas on the 4hr over the last 3 weeks.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #60,616
  • Apr 6, 2008 3:59pm Apr 6, 2008 3:59pm
i've been working and catching up on some things, plus getting away from the fourms is sometimes good to see your prespective in things, so now im back sharing some of my values, im going to copy and past a very intresting article i got in the mail for yall
And your mouth dropped
  • #60,617
  • Apr 6, 2008 4:01pm Apr 6, 2008 4:01pm
Quoting Bones
Yes just my luck ,I mean that one on the monthly March last year that’s the one I want,lol

I do think the amount we’ve had has shown a lot of indecision on this pair ,and the flat longer term emas on the 4hr over the last 3 weeks.
The 4hr printed a reasonable cloud cover nearly at 61.8fib retracement, so poss the move down to try again the support at 9740. The down scenario looks more convincing atm. I would progress with caution, as on daily I am not too sure of a definite direction, but if the 9740 is crossed from the upside then a good move south is anticipated.
Make sure losses are small and profits are bigger!
  • #60,618
  • Apr 6, 2008 4:03pm Apr 6, 2008 4:03pm
Quoting nAVIN2007
yeah ..? long easy for u to say your on a 1 minute....lol
honestly bro ..i havent even ever looked at that time frame...your system has to be so sensitive to phase out the noise
I dont think the opening on a sunday been ever so interesting..

Noise ??? seriously there is ZERO noise and ZERO lagging on my system, it's just a totally different trading style not based trades on candles or Stochastics are anything like that, just not a believer in any of them and over the years I've researched them a few times.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60,619
  • Apr 6, 2008 4:04pm Apr 6, 2008 4:04pm
nice bullish gap
any meaning to that?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #60,620
  • Apr 6, 2008 4:06pm Apr 6, 2008 4:06pm
price moved up ....it might hit 50 fib and bounce down...i can see dylan is loving the 62ema
its a good thing i closed my position..hey buddy
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